Revolut CEO Nik Storonsky has narrowed the company's IPO timeline to approximately two years, targeting a US listing around 2028. This follows two major regulatory milestones: receiving a full UK banking licence in March 2026 after an 18-month process, and filing for a US national bank charter with the OCC and FDIC. Revolut reported $4 billion in revenue and $1.4 billion in pre-tax profit for 2024, with management projecting $9 billion in revenue for 2026. The company's valuation reached $75 billion in a November 2025 secondary share sale, with an IPO target of at least $150 billion. A London listing is considered unlikely despite UK government efforts to attract it, with Storonsky citing higher US valuation multiples and liquidity as reasons for preferring a US exchange.
Sort: